How much should she have in the bank when she gets ready, Financial Accounting

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How much should she have in the bank when she gets ready

Problem

Cecily has just begun her 30-year (expected) retirement and has decided that she wants to withdraw $12,000 at the beginning of every six months. She expects to earn 11% compounded semi-annually on her investments. How much should she have in the bank when she gets ready to make her first withdrawal?

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Financial Accounting: How much should she have in the bank when she gets ready

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Financial Accounting: How much should she have in the bank when she gets ready

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